@Airborne03 , @Qbrozen and @max_g , thank you very much for the feedback, I’m leaning towards buying. If I decide to buy a new TLX, can I still ask for an equity on my current lease car from the dealer? Their equity offer was around $9.4k for a new lease, should I still push for the same amount in case of buying?
@Airborne03 , thanks for the suggestion, enjoy your new Wrangler! I’d prefer to sell the car to an Acura dealer and get another Acura, since I’m quite limited in time these days unfortunately
I am 19 months into a 24 month lease of a 2019 Audi eTron Prestige.
The MSRP was $85k but with some crazy deals and a glut last August, I was able to lease with 0 down, max msds for $635/mo.
Audi is offering $12k (over my payoff) if I turn in this month.
I am tempted but of course the issue is what to buy/lease next. I am in line for both a BMW I4 and a Lucid Air Pure but they are both more $ and I will have to wait 3 months and maybe till 2023, respectively for delivery.
No one knows what the market will do but is it worth just keeping the lease till term and then buying it out myself? The residual value is $46k. The car is in excellent condition with 8500 miles.
Another thing is I will be out of the country for 2 months so won’t need a car till May…
One thought is to buy a cheap ICE and use until I find something. Say under $20k, but I am not sure this makes financial sense.
Sell the etron and cash out of the equity. No one knows how volatile the market will be with the war, inflation, and interest hikes. That equity may disappear tomorrow.
If you don’t need a car till May, then order a 2022 Wrangler 4xe. The order will take 2-3 months at least. When you get the i4 or Lucid orders in 2023 you can sell the 4xe.
as @drdvrgs told me 2 months ago, sell the damn car!
think of it this way…if you don’t take the 12,000 check now…aren’t you paying 12,000 more for your e-tron?
I just sold my etron Premium Plus with 4 months left in the lease. I felt now was the time to sell because I don’t expect prices to go any higher. In fact, some Audi dealers weren’t interested in buying due to a glut of used cars on their lot.
Inflated MSRP vs. real value. Spotty reliability. A bunch of recalls on past models. Fit and finish not befitting a 50k+MSRP
We have a 2016 that we have enjoyed but there’s a reason they depreciate fast. Thankfully when we bought there were I think 6500 in dealer incentives and a sizable discount (ah those were the days)
I don’t know about this one. It isn’t like you would be making money on it. They are giving you back basically everything you have paid thus far. So you will have driven 8500 miles for free, but would now have to start over from scratch.
Leased a 2021 Etron premium in March 2021 (24 mo/12k) Lease ends March 2023, current mileage 13k. I average 12-13k year with current driving habits. Audi dealer buyout offered at $58k. Autonation offered same. With Audi buyout would receive $13,700 check after payoff (positive equity). Not too keen on buying and paying taxes as managing private sale.
Like the Etron, no issues. Wifey had some range anxiety in winter, we do not wish to buy and keep forever. Long term new car replacements now that we would be happy with are in the 60k+ range. The cheaper leases out there now like frontier/keep etc are not an option. We have 2 total cars now and need to always have 2.
Trying to determine best option now such as:
Keep Etron until near lease end Feb/March 2023 and hope good equity still exists (with intent for buyout)
Order new car in 60k* range. Once car arrives in 2-4 mos. Sell audi for equity at that time.
Sell now to lock in potential “highest” equity
A. buy new car (finance) in stock at todays virtually non-discounted rates and limited choices ( BMW X5, SQ5, GV80, MDX, etc.)
B. order new car to get exact options, need backup care - maybe rent car for $600/mo for 3 mos max while waiting.
C. Buy used car 20k or under for short term 8 mos or under and then view 2023 options for purchase.
Others? Thoughts or input? I understand much of the decision is based on predicting future equity/car pricing but curious on ideas or experience from folks.
thanks
I have an offer for my truck from Driveway that will net me about $7K after they buy it from Ally. The only issue is that I’d need to replace it with something and deals are pretty much non-existent at the moment. With gas at $6+ per gallon, netting $7K and going to a smaller engine is looking very appealing. I’m also over miles, so instead of having to pay $1-3K in additional miles at the end of the lease, I can make some money. Just makes a ton of sense.
Is there a de-facto “interim car” that LH is recommending while the market gets back to normal?
I have a 2019 audi q5 with about 26k miles on it. Lease is up at the end of June, and my buyout is 29.5k plus NY taxes so around 32K. Pricing out the third parties that I can sell my car to, it seems there is about 2.5 to 4k in equity in the car.
I’m not a fan of owning an Audi, and am afraid owning this car beyond the warranty period it will turn into a money pit. I’m willing to spend up to approximately 40k on a diff car but it seems like I’d just be downgrading and spending more money to do so. Any advice/options.
I’m also looking into a GV80. My local dealership apparently gets 2 month out order/allocation sheets every month. First month is updated delivery times from previous sheet and second month is new expected deliveries. A $1500 refundable deposit will secure me one of the deliveries. At least from my local dealer, no markup or add-ons. Waiting for a 3.5T Prestige with the dune interior and a non-white exterior to pop up and put my deposit.
I think your equity situation will be relatively stable in < 2 months, but reaching to 4 months and beyond could fizzle out some of it. See if your dealers offer something similar.
I’m trying to figure out my equity situation for my 2019 E300 with 22k miles. Near identical ones (mileage and options) are listed for >$44k in my area, but I got an Equityhackr quote for only $35k. I need to contact some dealerships.
Thanks for the input. Good luck on your deal! I suppose 1 theory is that if used and new prices rise/fall similarly that if my equity in used car drops maybe new car pricing discount would also get relief? (so balance out, if sell + buy).
If u haven’t already Shop around and try Carvana, Vroom, Autonation, Algo, etc. For my Etron specifically it that audi local dealer has highest price (or matching) but other vehicles i’ve sold carvana was higher. I love the GV80 styling and features. I am a bit concerned on resale value down the road as a newer brand.
